Posted on 12/21/2019 12:07:04 PM PST by Nero Germanicus
President Trump on Friday signed two spending packages totaling $1.4 trillion, averting a government shutdown at midnight.
The bills included all 12 annual appropriations bills for the 2020 fiscal year that started Oct. 1. They also included a slew of tax cuts, extending expiring and expired tax breaks and eliminating other taxes that amount to an additional $426 billion in lost revenue, bringing the total cost of the bill to more than $1.8 trillion.
The government spent the first quarter of the fiscal year operating on stopgap funding that was set to expire on Friday. Trump reportedly signed the bill while aboard Air Force One en route to Mar-a-Lago for the holidays.
Trump’s signature brings to a close a fraught year for spending. At the same time last year, his refusal to sign a stopgap measure over funding his proposed border wall led to a 35-day shutdown, the longest in the nation’s history.
In the final deal, Congress again refused Trump’s $5 billion border wall request, instead leaving a flat $1.375 billion for physical barriers in circumscribed areas.
The bills did not refill $3.6 billion from military construction programs Trump transferred to the wall.
All in all, the bills raised defense spending by $22 billion.
Democrats claimed major victories in the bills as well, such as $25 million to fund research into gun violence, the first such funding in 20 years, $425 million for election security, increased funding for climate research and full funding for the 2020 census. They included a 3.1 percent pay increase for federal workers, matching the raise for members of the military.
(Excerpt) Read more at thehill.com ...
Always with the “lost revenue = a cost” theme.
I suppose that would be ok, as long as you don’t have any money denominated in US dollars.
Pity
American’s want to be left alone with none of the accountability for buying in to the debts...but you know this. Some day the dead cat won’t bounce anymore.
Screw our Grandkids, let’s party!
It also lets Part Time workers have 401K and like retirement plans.
I hate to see the pork for the DemocRATS. But glad to see these two things.
> “... the country ultimately cannot survive this sort of profligate spending.”
Trump knows this. That’s why he intends to use the system to break it, then replace it with a sounder system.
You may be wondering why would President Trump want to break the country? You would be missing insight.
The Federal Reserve Bank is the Central Bank of the United States of America and it feeds its member banks which have become international banks and have made themselves de facto central banks in other countries. For example, the Central Bank of Iraq is in reality JP Morgan Chase.
The phenomenon of central banks is not new but its enormous growth and expansion is new and is impacting the world but not in a positive way.
There is now a central bank in practically every country. All central banks have a promary product of DEBT and their secondary product is FINANCIAL SURVEILLANCE. This secondary product feeds international intel groups who are de facto enforcers for central bankers.
But that’s not all. Central Bankers often pick and choose who will be the leaders of countries. They do this in a number of ways. One way is to choose two opponents that are jointly controlled by central bankers and then let the electorate experience an illusion of democracy by voting in one or the other. “Pick Candidate A or Candidate B, it doesn’t matter to us, both are controlled by us.”
Returning to the question of why President Trump would break the country with insurmountable debt, you need to understand the question is wrongly stated. But first you need to understand that the central banking system has invested in decades of image building to make you think they are the foundation of the country. That is why when President Trump signs a bill for trillions of dollars it makes you respond that the ‘country’ will break under this spending. It’s not the ‘country’ that will break.
President Trump is not ignorant. There are YouTube videos going back decades showing him testifying, informing, educating congressional committees on banking, trade, insurance, commodities, taxes, economic policies, he is a master of ALL THINGS FINANCIAL. He really is a genius, but with blue collar training.
The country loves this man which is why you say the spending will break the country and not “Trump will break the country.”
Spending will not break the country.
Trump will not break the country.
Trump will break the Central Bank.
He is forcing them into negative rates which will cause their downfall. This is not the first time a central bank will have failed in the United States, it is the third time in the history of the United States that a central bank failed.
The business model of a central bank is to pump out debt. It must grow debt or it dies. Always a point is reached where the debt is unsustainable and the central bank fails. It has to fail.
We are at that point.
Before President Trump ran for office, he was more than ten years in planning with patriots who knew the present financial system was not salvageable. It could not be saved. There is no way to save the system by paying down enough debt to free enough Americans from their indentured servitude to the banking system.
To understand more, you have to accept the last paragraph.
Breaking the Federal reserve means federal reserve notes become worthless. We will have Weimar Republic like values in federal reserve note paper money.
You will think and you will be encouraged to think that the devaluation of federal reserve notes will wipe out your savings, wipe out your retirement funds, lead you into massive inflation and destroy your way of life. You will be pounded in the head to think that is what’s in store for Americans.
But it won’t happen that way, not under this President and his successors.
What will happen is a replacement of your federal reserve notes (your US federal reserve note dollars) with another US Treasury Note dollar that is issued directly from the US Treasury and backed by something stable and sound. New US Notes that will be exchanged dollar for dollar with what you have now.
You will be kept from harm and your federal reserve notes will be given over to the Federal Reserve. Interest owed by the United States to the Federal Reserve will be wiped away because paying them back with their worthless federal reserve notes will wipe out the debt.
This happens in President Trump’s second term after the American manufacturing base has been restored and American industries are thriving.
We are looking at a Golden Age of American Renaissance in wealth.
Don’t think for a second that the scenario described above is unrelated to the coup happening before our eyes.
Be aware of how globalists and their banks try and force you to think the way they want you to think.
Free ! Free! Free just means let the kids pay for it
Where’s the commercial or video showing a toddler happily playing suddenly being demanded to pay its thousands of dollars share of the national debt ? When the toddler breaks into screaming” HOW COULD THEY DO THIS TO ME ???” in tears ? posted this in my website
http://www.theusmat.com/index.htm
If this impeachment BS wasn’t going on Trump should have vetoed this. NOW I HOPE HE EXPLAINS AND BLAMES THAT SHAKEDOWN FORCING ITS PASSAGE.
That democrat controlled house 1600 or more page budget blaster hasn’t been examined but I bet there is Bailouts for sanctuary states and cities along with a mountain of other appropriations going for give-a-way projects
I hope there is something in there for me and my family. Can’t wait to find out.
“”such as $25 million to fund research into gun violence””
I wonder whose brilliant idea that was. Who gets to do the research? That will be interesting to learn!
“ It moves RMDs to age 72 from 70 1/2.”
Really? If so, that IS great news. And to have it at plain old 72 rather than the half-birthday thing is good, too.
Our christmas present.. a package with gun violence prevention. Winning with spending.
There is almost no way out of this stratospheric spending.
Making A Fortune: 19 Million Public Employees Across America Cost Taxpayers Nearly $1 Trillion
https://www.zerohedge.com/political/making-fortune-19-million-public-employees-across-america-cost-taxpayers-nearly-1
Search by Unit Of Government – 45 Million Public Employee Salary And Pension Records Across The USA
https://www.openthebooks.com/
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